Quote:
Originally Posted by BlackVoid
It seems that in the USA, people have no problem with bailing out failed private companies with taxpayer money.
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I think you mean "some" people. Because there is a LARGE percentage of people that don't think we should have bailed out these private companies.
There are many that think we should have just let the chips fall. That the market will adjust and the need will be fulfilled.
Many felt that doing the above meant economic ruin. Millions would loose their houses. (Regarding the bank/mortgage issue)
Thousands would loose their jobs if GM went out of business. Perhaps that is true. But, many feel that those jobs would be replace by Toyota or Honda or some other auto company that would fill the gap.
Please DO NOT confuse what the US Government does with what "people in the USA" think we should do or is right. For example, I never thought it was the right choice to invade Iraq. Yes, the Iraqi people were being oppressed and have been killed by a dictatorship. However, that is true of many other countries that we didn't invade.
Personally, I think the biggest problem with our (US of A) economy is the tax system. I really think moving to the fairtax.org plan would help us get back on track very quickly. It would also save billions off the US budget and really help our trade imbalance.
BOb